Stock Market & Financial Investment News

News Breaks October 10, 2012 12:10 EDT SPY, SPX S&P 500 hits lows of the session, levels to watch The index is down less than half-a-percent at noon hour east coast time. That drop masks some genuine sector weakness that traders need to keep a close eye on. The weakest sectors are Energy, Materials, Industrials, Health Care, and Technology. The one sector clearly in the green is Consumer Staples. The way in which the sectors are trading is a classic "risk off" trading posture. We will have to see if this shunning of risk continues through to the close. The index is once again below its 10-day moving average, last at 1448.52. This is now important resistance. A breakout back above the 10-day would be bullish. Continued negative momentum would be equally bearish. The 1430.53 pivot from the daily chart is one to keep an eye on as earnings continue. A breakdown below that level would have broadly bearish price implications. News For SPY;SPX From The Last 14 Days Check below for free stories on SPY;SPX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | all recent news | >> June 19, 2013 12:15 EDT SPY S&P 500 June 165 straddle priced for 1.6% movement into Fed statement 08:45 EDT SPY Standard and Poor's Depository Receipts: Pivot points The following are the pivot points for SPY. Pivot High: $166.597, Pivot Low: $165.127. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. 08:45 EDT SPX S&P 500: Pivot points Subscribe for More Information June 18, 2013 11:49 EDT SPY, SPX S&P 500 hits session highs at mid-session, levels to watch Subscribe for More Information 08:45 EDT SPY Standard and Poor's Depository Receipts: Pivot points Subscribe for More Information 08:45 EDT SPX S&P 500: Pivot points Subscribe for More Information June 17, 2013 15:20 EDT SPY, SPX S&P 500 heads for session lows in last hour of trading Subscribe for More Information 10:03 EDT SPY, SPX S&P 500 hits resistance on approach to 1645 area, levels to watch Subscribe for More Information 08:45 EDT SPY Standard and Poor's Depository Receipts: Pivot points Subscribe for More Information 08:45 EDT SPX S&P 500: Pivot points Subscribe for More Information June 14, 2013 11:03 EDT SPY, SPX S&P 500 falls to session lows, levels to watch Subscribe for More Information 08:45 EDT SPY Standard and Poor's Depository Receipts: Pivot points Subscribe for More Information 08:45 EDT SPX S&P 500: Pivot points The following are the pivot points for the SPX. Pivot High: 1653.395, Pivot Low: 1622.215. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. June 13, 2013 15:05 EDT SPX, SPY S&P 500 trades near highs of the session into last hour of trading Subscribe for More Information 08:45 EDT SPY Standard and Poor's Depository Receipts: Pivot points Subscribe for More Information 08:45 EDT SPX S&P 500: Pivot points Subscribe for More Information June 12, 2013 12:20 EDT SPX, SPY S&P 500 breaks support, levels to watch Support at 1617.50 has been broken. This puts next support at 1614.42, and then at 1608.90 which was last week's pivot low. Resistance is at 1622.56. 10:15 EDT SPY, SPX S&P 500 falls to session lows, levels to watch Subscribe for More Information 09:46 EDT SPX, SPY S&P 500 opens lower than futures indicated, slips lower The futures suggested an even higher open than the one we got, but that failed to materialize. The index was last at 1634.21, off the highs of the morning at 1637.71. That resistance level is close to 1640, which has become a familiar pivot for higher prices above, and lower price below. So far ranges are now and sectors are mixed, with the 1630 area being a first downside test. We may be in for a tug of war between bulls and bears without much index impact until there is a new catalyst. With earnings season getting closer, that may be one method of resolution. Japanese market volatility, notably in bonds and currency, may continue to supply volatility to our markets as well. 08:45 EDT SPY Standard and Poor's Depository Receipts: Pivot points The following are the pivot points for SPY. Pivot High: $163.819, Pivot Low: $162.018. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. 1 | 2 | all recent news | >> Sign up for a free trial to see the rest of the stories you've been missing.